Federated Investors Inc (NYSE:FII) Director Gordon J. Ceresino sold 4,487 shares of Federated Investors stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $34.20, for a total value of $153,455.40. Following the completion of the sale, the director now directly owns 194,221 shares in the company, valued at approximately $6,642,358.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Federated Investors Inc (NYSE:FII) opened at $35.11 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.39 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3,545.86, a PE ratio of 16.03, a P/E/G ratio of 1.37 and a beta of 1.36. Federated Investors Inc has a 12-month low of $24.93 and a 12-month high of $36.76.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The business had revenue of $278.31 million for the quarter, compared to the consensus estimate of $283.45 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. Federated Investors’s quarterly revenue was down 4.0% on a year-over-year basis. research analysts expect that Federated Investors Inc will post 2.77 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in Federated Investors by 10.1% during the fourth quarter. Bank of Montreal Can now owns 16,128 shares of the asset manager’s stock worth $582,000 after purchasing an additional 1,479 shares during the period. Raymond James & Associates grew its holdings in Federated Investors by 4.5% during the fourth quarter. Raymond James & Associates now owns 34,399 shares of the asset manager’s stock worth $1,241,000 after purchasing an additional 1,496 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Federated Investors by 34.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after purchasing an additional 1,541 shares during the period. Boston Private Wealth LLC grew its holdings in Federated Investors by 6.1% during the third quarter. Boston Private Wealth LLC now owns 32,286 shares of the asset manager’s stock worth $959,000 after purchasing an additional 1,867 shares during the period. Finally, Biondo Investment Advisors LLC grew its holdings in Federated Investors by 2.0% during the fourth quarter. Biondo Investment Advisors LLC now owns 108,977 shares of the asset manager’s stock worth $3,932,000 after purchasing an additional 2,105 shares during the period. Institutional investors and hedge funds own 84.55% of the company’s stock.
Several analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Federated Investors to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Deutsche Bank lowered their target price on Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Citigroup raised Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Sunday, November 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.63.
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Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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